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Home truths of the Abu Dhabi and Dubai renting roller coaster

By John Henzell and Alice Haine  www.thenational.ae

Anyone who has ridden Ferrari World’s Formula Rossa ride will have found it good training for renting in Abu Dhabi and Dubai. It features unexpected twists and turns, more than a few screams and, for some, moments of raw fear. And the world’s fastest rollercoaster can be just as entertaining.

Al Hallawi apartments on The Palm Jumeirah, Dubai. Courtesy Better Homes

Al Hallawi apartments on The Palm Jumeirah, Dubai. Courtesy Better Homes

When Abu Dhabi was high, Dubai had been low, and thousands of those who work in the capital shifted to Dubai, deciding that the twice-daily commute along the E11 was justified by much lower rents.

Now Dubai is resurgent and rents are rising just as tens of thousands of new homes in Abu Dhabi are becoming available. Together with the Abu Dhabi decree that its government workers have to live in the emirate, it is reversing the dynamic that saw Sheikh Zayed Road clogged with intercity commuters.

The building boom to address the capital’s housing shortage means that some areas, which only a few years ago were little more than futuristic models at Cityscape, are becoming nascent residential hubs for a multitude of people.

For Abu Dhabi’s brand-new housing, most of them featuring facilities such as pools and gyms, prices have stabilised or risen, with the most coveted areas – Saadiyat Island, Raha Beach and Raha Gardens – recording rent hikes of between 18 and 25 per cent. More info

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